WASHINGTON, D.C. - The key aspects of the new global economy are the liberalization of regulation, an increase in the mobility of capital, a movement towards common standards and digitization, according to Lowell Bryan, a director and senior partner at McKinsey & Company of New York. Bryan discussed strategies for asset managers competing in a global economy at the Investment Company Institute's general meeting here earlier this month.

Despite these trends, it is still relatively difficult for U.S. asset managers to penetrate global markets, especially in non-English speaking countries, he said. The predominance of the bank channel and strong ties to national brands in Europe make it difficult to penetrate those markets, he said.

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